Latest MEA News
Apicorp appoints Al-Ruwaigh as new CEO
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Masdar, NPCC to collaborate on renewables
Renewables MENAMubadala’s renewables arm Masdar has signed an agreement with UAE-based National Petroleum Construction Company to collaborate on renewable energy, including green hydrogen
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POSCO mandates FA for Omani green ammonia study
Renewables MENASouth Korean steelmaker POSCO has appointed Synergy Consulting to conduct a comprehensive feasibility study for a “multi-GW green ammonia project” under development in Oman
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Clyde & Co’s Leckie moves to Dubai
Oil & Gas MENAClyde & Co has relocated partner David Leckie from London to Dubai “to further strengthen the firm’s global energy, marine, and natural resources practice in the Middle East and Africa"
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EXCLUSIVE Al-Ula hospital PPP reaches commercial close
Social & Defence MENASaudi healthcare provider My Clinic Jeddah has reached commercial close on the $100 million, Al-Ula hospital PPP in the Medina Region of Saudi Arabia
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EXCLUSIVE Madinah BRT PPP tender imminent
Transport MENAMadinah is set to launch the tender process for the 52km Madinah BRT PPP
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Mekorot raises debt ahead of water expansion plans
Water MENAIsrael’s national water company Mekorot Water Authority has raised $364.6 million through the expansion of 2 bond lines to part-finance its 3-year water programme
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EXCLUSIVE Scatec/ACME JV talk debt for Duqm green hydrogen
Renewables MENAThe Scatec and ACME Group JV are in talks for a $500 million debt package for the first phase of the 500MW green hydrogen project at the Duqm Special Economic Zone in Oman
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NREA's geothermal scheme receives interest
Renewables MENAEgypt’s NREA has announced that 13 entities expressed an interest in a scheme to develop the geothermal energy sector in the North African state
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Bahrain’s nogaholding closes Murabaha refi
Oil & Gas MENABahrain’s nogaholding has closed the refinancing of a $1.6 billion Murabaha facility, upscaled as a dual-tranche sustainability-linked loan based on SOFR
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EWEC invites EoIs for 1.5GW Al Ajban solar PV
Renewables MENAEWEC has invited EoIs for the 1.5GW Al Ajban solar PV in Abu Dhabi
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Madinah airport PPP restructured
Transport MENASaudi Arabia's GACA has restructured the PPP concession contract for the Prince Mohammed Bin Abdulaziz International Airport in Madinah due to the impact of the Covid-19 pandemic
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Kuwait to seek North Kabd wastewater advisers
Water MENAKuwait’s Ministry of Public Works is said to be preparing an advisory agreement for the North Kabd wastewater treatment plant, to be structured as a PPP
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Marubeni starts Tanajib EBL drawdown
Power MENAA Marubeni-led consortium has begun drawing down on the equity bridge loan for the $1.2 billion, 940MW Tanagjib cogen power plant in the Eastern Province of Saudi Arabia
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BCP to receive EBRD support
Renewables MENAMoroccan commercial bank BCP is set to receive up to €24.8 million in financial support from the EBRD for renewables onlending
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Scatec adds to expanding Tunisia operations
Renewables MENAScatec has hired Fadhel Nouri as a project developer in Tunisia, where the company is in talks for a €95.4 million project financing of 2 solar IPPs